The government has announced that from tomorrow (December 1), the price of RON 95 petrol will drop four sen to RM2.26 a litre, the price of RON 97 petrol will drop nine sen to RM2.46 a litre, while the price of diesel will rise three sen to RM2.23 a litre. Euro 5 diesel which is currently available in Johor has gone up by three sen as well, now retailing at RM2.33 per litre.
The price changes follow the Domestic Trade, Cooperatives and Consumerism (KPDNKK) ministry’s announcement about two weeks ago that subsidies for RON 95 petrol and diesel would be no more from December 1, and that their prices would, like RON 97 petrol, be derived based on a managed float system.
Globally, the price of crude oil – which now directly affects RON 95 petrol and diesel prices in Malaysia – is currently at its lowest point since August 2010, hovering around US$70 (RM237) a barrel. If this keeps up, we could see more price drops in the months to come.
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AI-generated Summary ✨
Comments express skepticism about the actual savings from the recent petrol price drop, noting that only 4 sen was reduced despite world oil prices falling significantly, which feels like a political gimmick rather than a genuine benefit for consumers. Many criticize the transparency of the pricing formula, calling for clearer calculations and questioning the fairness of taxes and subsidies. Some comments highlight the ongoing exploitation through high taxes, the environmental harm of low-quality fuel, and the failure to promote cleaner energy alternatives. There is frustration over broken promises to reduce car prices and concern that the price decreases are temporary, with fears that prices will rise again in the future. Overall, sentiments are mostly negative, viewing the price changes as insufficient and politically motivated rather than truly beneficial.